Here’s another gem from this morning’s Washington Post that expresses my feelings exactly regarding all these “rate hikes” introduced by the “Fed.”
Fed: “Some further policy firming may yet be needed.”
Washington Post: “‘Policy firming’? Huh? Who talks like that?”
The Post columnist compares interpreting Fedspeak to figuring out what some Top-40 singers are trying to say in their songs. Here’s my favorite comparison:
“Yesterday, all my troubles seemed so far away/Now it looks as though they’re here to stay” (The Beatles)
…which, when translated into Fedspeak, is really saying…
The committee’s previous forecast of long-term imbalances has shifted due to incoming information.
Check out the rest of the article to find out why Snoop Dogg is really a clever financial analyst in disguise.